House DollarUnder-insurance is a significant problem in the Australian domestic insurance market. Many home owners are either unaware of the true replacement cost of their property or unaware of the implications of under-insurance in the event of claim.

As your Insurance broker, our concern with under-insurance is the effect on you, the policy holder, in the event of a loss. If you do not have the correct limits applied to both your home and contents policy you can be left with a settlement payout well below the actual replacement cost for these items.

To ensure the security of our client’s financial position in the event of a claim we attach a simple home and contents calculator for your benefit. The calculator below will enable you to accurately calculate the cost of your buildings and contents and ensure that your policy limits are set accordingly.

We encourage all clients to review these limits annually prior to the renewal of your home and contents insurance each and every year.

It is important to remember the basic principles of insurance, the reason you elect to insure in the first place is to protect your assets in the event of a claim – so let’s make sure the policy will respond in line with your expectations and insure the replacement value accurately.

Sum Insured Home Contents Calculator Cordell Residential Valuer